Guaranteed Asset Protection from the WMS Group

Asset Protection Insurance

Safe & Sound Asset Protection Insurance, more commonly known as GAP Insurance, is an extra level of protection that covers the difference between your insurance offer at the point your car is written off or declared a total loss and the value of your car when you bought it.

WMS Group offer a combined Return to Invoice and financial shortfall GAP product which

  • Is available to all cash and finance customers buying their car
  • Can cover any customer motor insurance company excess payment, up to £500, in addition to paying any finance company disparity
  • Is available for periods up to 36 months
  • Combines Return to Invoice cover with financial shortfall cover

Key Features

  • Pays the difference between the greater of Glass’s Guide retail transacted value or the motor insurer settlement (Insured Value) and the net invoice selling price or finance settlement, up to a maximum benefit.
  • Up to £500 towards your motor insurance excess (unless it can be recovered from the liable third party)
  • Includes up to £1,500 (inc of VAT) for manufacturer or manufacturer approved accessories

Key Benefits

  • In event of total loss pay the difference between your motor insurance pay out and the amount outstanding on your finance agreement
  • Financial shortfall benefit provided from the month after Return to Invoice coverage ceases
  • Choice of 24 or 36 months cover

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